Trump Plans to End Tax Credit for EV Cars

I would have to think Elon Musk must have approved of this idea if Trump is planning to do this probably betting that tariffs on foreign EV competitors are also coming:

 U.S. President-elect Donald Trump’s transition team is aiming to end a tax credit for electric vehicle (EV) purchases, a key element of President Joe Biden’s Inflation Reduction Act (IRA), as part of broader tax reform legislation, Reuters reported Thursday, citing two unnamed sources.

The potential repealing of the $7,500 consumer tax credit is being discussed in meetings by an energy-policy transition team, which is headed by Harold Hamm, founder of Continental Resources, and North Dakota Gov. Doug Burgum, according to the news agency.

The removal of the credit could have an impact on EV sales and affect EV-producing companies and battery manufacturers. Naysayers have argued that ending the credit would impede a transition to EVs.

Tesla representatives have told a Trump transition committee they support repealing the subsidy, Reuters said.

Yonhap

You can read more at the link.

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Korean Man
Korean Man
1 month ago

Come on GI, are you seriously thinking Trump will hurt his right-handed Musk, who pets and jerks Trump’s organ? It’s obvious what’s going to happen. Trump will end all EV subsidies unless the EV is a Tesla made in the USA by real American workers. Remember, it’s the America-Only policy.

ChickenHead
ChickenHead
1 month ago

“Remember, it’s the America-Only policy.”

Hahaha! You zipperheads have becomed so accustomed to American leaders selling America out that an America First policy seems somehow subversive.

Flyingsword
Flyingsword
1 month ago

Good, EVs are basically the government mandated Ford Pinto or Chevy Corvair….unsafe at any speed including 0.

Flyingsword
Flyingsword
1 month ago

Another EV in flames in a parking garage in Korea….Asan yesterday. https://www.mk.co.kr/en/business/11168676

Korean Person
Korean Person
1 month ago

Good, EVs are basically the government mandated Ford Pinto or Chevy Corvair….unsafe at any speed including 0.

These Setnaffarians really need to make up their minds.

Elon Musk, the owner of Tesla, is one of the biggest supporters of their “Messiah,” Donald Trump.

So, why are they attacking products made by Elon Musk while continuing to support him?

Unless these idiotic Setnaffarians think Teslas are gasoline-powered.

Then these Setnaffarians just proved that they have very low intelligence.

Flyingsword
Flyingsword
1 month ago

Korean man….so desperate.

Flyingsword
Flyingsword
1 month ago

Korean man doesn’t understand, unlike the chinese commie party, you don’t have to support 100% of someone just because you like his over all policies. Being able to criticize and critique is the most important part of a free society; thus the requirement of free speech. Korea Man lacks this in commie china.

Korean Person
Korean Person
1 month ago

Korean man doesn’t understand, unlike the chinese commie party,

The misguided Flying Sword fails to understand that not supporting Trump or the extreme right-wing ideologies of his supporters doesn’t automatically mean someone is Chinese or a Communist.

This is why I believe the Setnaffarians demonstrate a lack of critical intelligence.

setnaffa
setnaffa
1 month ago

chinabots post hateful stuff about South Korea and blame Trump. Then attack Korean diplomatic and economic successes and blame Trump. Kinda like a player piano with only one tune.

Pretty sad life they lead. 312 must not be their favorite number. And Korean they definitely ain’t.

setnaffa
setnaffa
1 month ago

Musk probably suggested it.

Korean Person
Korean Person
1 month ago

And as always projects and deflects.

Ironically, his logic is that “chinabots” project and deflect. Following this reasoning, he accuses us Koreans of projecting and deflecting, which, in his view, labels us as “chinabots.”

However since he’s the one doing the projecting and deflecting, the true “chinabot” or should I say Russiabot is himself.

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